Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
industrial-development bond
1 A type of revenue bond in which interest and principal payments are backed by a corporation rather than a municipality. 0 This type of bond usu. finances a private business facility. 2. A taxexempt municipal bond that finances a usu. local industry. - Also termed industrial-revenue bond.
industrial-development bond.
See BOND (3).